Langone Sees Eli Lilly Reaching $2,000 in Three to Four Years

Home Depot co-founder Ken Langone believes Eli Lilly will reach $2,000 per share within three or four years. This prediction comes from a September 22 podcast, where Langone credited Eli Lilly with never throttling back on research and expressed concern that Home Depot may fall behind.

Lilly's current price is around $1,200, representing about 67% upside according to Langone's estimate. This translates to roughly 14-19% annual growth over the specified period.

The key factor in this prediction is Eli Lilly's continued investment in research and development. Langone noted that the company has a history of never slowing down its research efforts, which he believes will lead to significant advancements and revenue growth.